20: How to Be an Investor
Future Skills1 Juli 2018

20: How to Be an Investor

We cover the fundamental 5 steps to become an investor—based on Mikael’s personal guidelines.

Here’s a summary of the steps:

1 Psychology is more important than maths in investing

2 Read books and insightful articles about investing, not testosterone dripping online stock forums

3 Find a strategy that suits you. Refine it in company with likeminded truth-seekers

4 Use real money; it’s the only way to truly stress test your emotions and your strategy-psychology fit

5 Create a feedback loop of continuous improvement, your work as an investor is never done

Bonus tip: it’s not easy, anybody who says it is doesn’t know what they are talking about (or are actively trying to fool you). Anybody who has simple one-dimensional solutions to the ‘problem’ of investing is either a narrow minded sheep destined for slaughter, or a snake oil salesman out to trick you.

Follow-up: Check out Mikael’s blog post for a list of the books.

For serious students of investing: Check out TAOs (The Art of Sprezzatura) for Mikael’s investing framework.

================

*Join our newsletter for weekly summaries of the episodes.

*Apply for the Future Skills Program

Avsnitt(49)

25: Survivorship Bias: 6 Reasons We Misinterpret Success And Misunderstand Reality

25: Survivorship Bias: 6 Reasons We Misinterpret Success And Misunderstand Reality

In Survivorship Bias we go over 6 practical tips: (1) Remind yourself of the concept of Survivorship Bias. It's very tricky and (2) it's only becoming "stronger" due to social media and network effect...

5 Aug 201818min

24: The Best of Myers-Briggs - the world’s most popular personality test (and what it means for you)

24: The Best of Myers-Briggs - the world’s most popular personality test (and what it means for you)

We describe and discuss a useful metacognition tool: The Myers Briggs Test which is based on Carl Jung’s ideas about 4 Functions. Jung’s functions are based on Input and Output, Information and Decisi...

29 Juli 201820min

23: Alexander Bard on rites of passage, psychedelics, AI, sex robots, matriarchy, religion, writing, reading and success

23: Alexander Bard on rites of passage, psychedelics, AI, sex robots, matriarchy, religion, writing, reading and success

Alexander Bard is most famous for his music career, where he's put together successful groups like Army of Lovers and Bodies Without Organs, and for being the top judge of Swedish Idol. More important...

22 Juli 20181h 9min

22: Create a Review File [For Your Work, Studies, Investing & Creativity]

22: Create a Review File [For Your Work, Studies, Investing & Creativity]

This episode draws on an idea from Ludvig’s Ultimate Commonplace System. The Review File is like a virtual book summary book, only more extreme. It’s based on two learning methods: Spaced repetition a...

16 Juli 201821min

21: Professor Barry Schwartz:  Psychology & Decision Making in a Complex World

21: Professor Barry Schwartz: Psychology & Decision Making in a Complex World

Barry Schwartz is a professor of Psychology, serving as visiting professor at the University of Berkeley, in California. His numerous TED talks have been viewed and listened to more than 20 million ti...

9 Juli 201854min

19: Get More Important Work Done—Tools and Systems with Sebastian Marshall

19: Get More Important Work Done—Tools and Systems with Sebastian Marshall

In this expert episode, our guest is Sebastian Marshall, founder of Ultraworking.  Sebastian is also an author. You may recall we talked about the Japanese concept of Ikigai in our last episode. Seb...

24 Juni 20181h 8min

18: Ikigai, How to Live with Purpose

18: Ikigai, How to Live with Purpose

Look up the Japanese concept Ikigai.  We talk about how the word ”Passion” has lost its meaning from being overused and why Ikigai is a much better concept—and something that the Western World is mi...

17 Juni 201813min

Populärt inom Utbildning

historiepodden-se
rss-bara-en-till-om-missbruk-medberoende-2
det-skaver
alska-oss
harrisons-dramatiska-historia
nu-blir-det-historia
not-fanny-anymore
rss-foraldramotet-bring-lagercrantz
roda-vita-rosen
johannes-hansen-podcast
rss-viktmedicinpodden
sa-in-i-sjalen
i-vantan-pa-katastrofen
sektledare
rss-max-tant-med-max-villman
allt-du-velat-veta
rib-podcast
rss-sjalsligt-avkladd
rikatillsammans-om-privatekonomi-rikedom-i-livet
rss-basta-livet